Is it wise to keep your pension in the UK?

Pension planning has always been an important part of financial planning and never more so than
now. The pension industry’s legislation is forever changing and everyone should review their
options.

On top of this, we find ourselves in a transitional period where the UK are in negotiations with the
EU, hoping to obtain the best BREXIT deal possible. This, as one would expect, raises lots of
uncertainty and concerns about how UK pensions will be affected by BREXIT and equally, what
impact this has on individuals who live overseas.

We have seen an increasing number of clients living abroad opt to transfer their pension to
an overseas, tax beneficial, jurisdiction. This has given them peace of mind that their pension will no
longer be subject to unknown changes caused by BREXIT.

Most people will depend on a pension to provide them with their income in retirement. Their
pension may come from the State, from a company sponsored pension scheme or from a private
pension arrangement.

Governments around the world are increasing retirement ages and reducing the benefits that the
state provides, so we all need to have the means to support ourselves. Furthermore, with our life
expectancy increasing through breakthroughs in medication and education, our pension funds need
to last longer than ever before.

It is not uncommon for people to lose track of their pensions over time, or even forget about them
all together. If you want to maintain a certain level of lifestyle in retirement or have the option of
retiring when you want to, it is vital you have a plan in place.

We are able to carry out pension audits and reviews of existing schemes, whether your
pension be based in the UK or overseas. We will explain what your options are in plain English,
without the jargon, so that you can make informed decisions on how best to achieve your goals.

Contact Expat services today and we’ll put you in touch with a tried, tested and trusted advisor recommended by Jennifer herself